UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01Regulation FD Disclosure.
As previously disclosed, on March 9, 2020, Perdoceo Education Corporation (the “Company”) received a letter from the U.S. Department of Veterans Affairs (the “VA”) notifying the Company that if it fails to remedy its deficiency through corrective action within 60 days, the VA will disapprove, for purposes of VA educational assistance programs, the enrollment of individuals not already enrolled in programs at the Company’s institutions. On May 26, 2020, the VA further extended the 60 day period referenced in its letter through June 25, 2020 to allow the Company time to respond to the VA’s further clarification of the corrective action requirements. The Company continues to believe that its detailed responses to the VA should demonstrate that any corrective actions deemed necessary to address the matters identified in the VA’s letter were previously taken. See Part I, Item 2, “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Overview – 2020 First Quarter Overview – Regulatory Updates,” in the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 for additional information about this matter.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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PERDOCEO EDUCATION CORPORATION |
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By: |
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/s/ Jeffrey D. Ayers |
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Jeffrey D. Ayers |
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Senior Vice President, General Counsel and |
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Corporate Secretary |
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Dated: |
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May 27, 2020 |
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Document and Entity Information |
May 26, 2020 |
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| Cover [Abstract] | |
| Document Type | 8-K |
| Amendment Flag | false |
| Document Period End Date | May 26, 2020 |
| Entity Registrant Name | Perdoceo Education Corporation |
| Entity Central Index Key | 0001046568 |
| Entity Emerging Growth Company | false |
| Entity File Number | 0-23245 |
| Entity Incorporation, State or Country Code | DE |
| Entity Tax Identification Number | 36-3932190 |
| Entity Address, Address Line One | 231 N. Martingale Rd. |
| Entity Address, City or Town | Schaumburg |
| Entity Address, State or Province | IL |
| Entity Address, Postal Zip Code | 60173 |
| City Area Code | (847) |
| Local Phone Number | 781-3600 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Security 12b Title | Common Stock, $0.01 par value |
| Trading Symbol | PRDO |
| Security Exchange Name | NASDAQ |